Wednesday, March 19, 2008
Braeger dealership to move because of 27th Street ramp closure plans
Todd Reardon, the owner of the Braeger auto dealerships, said he plans to move his Braeger Chevrolet dealership south, and probably outside of the city of Milwaukee, because of plans by the state Department of Transportation to close the freeway ramp to the street for traffic coming north through the Mitchell Interchange.
Reardon has hired David Devorkin of CB Richard Ellis to help him find a new site for the dealership, currently located at 4100 S. 27th St. in Milwaukee. The current Braeger Chevrolet dealership property has an assessed value of $3.3 million, according to city records.
Reardon said he needs about five acres for the new dealership location. He wants a location to the south, but wants to remain north of Rawson Avenue. He also wants to remain on South 27th Street.
"I've got a geographic reach that I have to cover," he said. "I can go east, but it doesn't make much sense to leave 27th Street.
Reardon plans to move the dealership because of the DOT's plans to close the ramp to South 27th Street. The ramp closure is part of the planned reconstruction and expansion of Interstate 94 from the state line to the Mitchell Interchange. Southbound traffic coming from the downtown area and eastbound traffic coming from the west would still be able to exit at 27th Street, but northbound traffic from the southern part of the metro area and Illinois would not be able to. Northbound traffic would instead have to exit at Layton Avenue and go west on Layton to get to 27th Street. Traffic on 27th Street will also have to use Layton Avenue to go south on I-94. The other ramps from 27th Street to the freeway would remain open.
However, these are only part of the DOT's preferred alternative and the plans could still change, said DOT spokesman Dennis Shook.
"None of this is finalized," he said.
But Reardon plans to take advantage of a General Motors Corp. program that provides financial assistance to dealerships that are forced to relocate because of transportation system changes, such as freeway ramp closures. Reardon said he expects to receive between $500,000 and $5 million in financial assistance from GM for the move.
"I'm going to be requesting in the millions," he said.
Reardon planned to move the dealership four years ago to a site in Oak Creek. However, he could not receive zoning approval for the site. In addition he met with City of Milwaukee officials who convinced him to stay.
However, now that the DOT plans to close the freeway ramp he has decided he needs to move the dealership and the financial assistance from GM makes it a no-brainer.
"(Because of the GM assistance) it's actually more lucrative for me to move now than it would have been four years ago," he said.
Depending on how far south he moves the dealership, and which side of South 27th Street he chooses, the new location could be in Milwaukee, Greenfield, Franklin or Oak Creek. However, Reardon said it is highly unlikely the new site will be in the city of Milwaukee.
Later, Reardon plans to re-locate his Braeger Ford dealership at 4201 S. 27th St., Greenfield, which will also be affected by the 27th Street ramp closure. However, unlike GM, Ford does not provide financial assistance for a relocation and moving two dealerships at once would be a "monumental undertaking," Reardon said.
Reardon is chairman of the South 27th Street Business Preservation Association. The organization is still fighting the DOT's plans to close the South 27th Street ramps.
If the DOT changed its mind and kept the ramps open, Reardon said he would reconsider moving his dealerships, but that appears unlikely, he said.
Business owners along South 27th Street are frustrated that Mayor Tom Barrett and Ald. Terry Witkowski have not taken a strong stand against the DOT's ramp closure plans, Reardon said. Most business owners on the street are supporting Witkowski's opponent in the upcoming election, former Milwaukee Police Association president Bradley DeBraska, he said.
DeBraska criticized Witkowski and Barrett, saying they are not fighting to keep the ramp open.
"Alderman Witkowski and Mayor Barrett are supporting DOT and will not fight to change the plans and it's really unfair," DeBraska said. "All of the businesses on 27th street are just going to go south or west out of Milwaukee. How many more companies can they lose before they wake up? They talk a good game but at the end of the day they do nothing."
However, Witkowski said he did ask the DOT to keep the all of the ramps to 27th Street open. He also asked the DOT to make safety, landscaping and way-finding signage improvements for 27th Street if the ramp is closed. He said the DOT's response to that request was, "favorable."
"Just in case the state and federal government ignore the alternative, how do you make sure we are not left there holding our protest signs?" Witkowski said. "I'm trying to make sure we get something out of it."
The DOT would have had to demolish several homes to keep the ramp open to South 27th Street, and make necessary safety improvements, said Witkowski, who also said he fought against any plans to destroy homes for the freeway project.
City officials met with DOT officials about the project and encouraged them to keep the ramps open, said City Engineer Jeff Polenske. However, the city's biggest priorities were to have a safe interchange and to rebuild it without demolishing any homes. The DOT indicated it could not do that and keep all of the ramps open, he said.
"We would like to see that movement (of northbound traffic exiting at 27th Street) accomodated, but you have to balance it at what cost?" Polenske said.
About 16,000 vehicles exit from I-894 onto South 27th Street each day, but only about 1,500 of them go north through the Mitchell Interchange and then exit on the 27th Street ramp, Polenske said. About 35,000 to 40,000 vehicles travel down South 27th Street each day, he said.
Still, other businesses are planning to leave South 27th Street if the freeway ramp is closed, DeBraska said.
Last year, Reardon moved his Braeger Chrysler Jeep dealership from South 27th Street and Howard Avenue in Milwaukee to 6133 S. 27th St. in Greenfield. The Chrysler Jeep dealership property was purchased by CVS Pharmacy.
Wauwatosa Crowne Plaza opens
A ribbon-cutting ceremony will be held on Thursday, March 20 to celebrate the opening of the new Crowne Plaza hotel at 10499 W. Innovation Dr in the Milwaukee County Research Park in Wauwatosa.
The eight-story, 198-room hotel was developed by KL Hotel LLC, a partnership between New Berlin-based Kaloti Enterprises Inc. and Northbrook, Ill.-based Lane Hospitality. The general contractor for the project was Mortenson Construction and Elm Grove-based TWP Architecture was the project's architect.
The hotel is the first new prototype for Windsor, U.K.-based InterContinenal Hotels Group PLC's Crowne Plaza brand.
"We are pleased to open the first of our prototype hotels in Milwaukee-Wauwatosa," said Gina LaBarre, vice president of brand management for Crowne Plaza Hotels & Resorts. "Our collaboration with Lane Hospitality has resulted in a brand defining product that will appeal to current and future Crowne Plaza franchisees looking to develop new-build Crowne Plaza hotels. While conversions will always play a role in our development strategy, this prototype provides a design plan concept for owners to leverage when building new hotels in emerging markets or established urban markets"
The hotel was designed to accommodate business travelers and has more than 7,000 square feet of meeting space, an upscale restaurant and lounge called Innovation, a 24-hour business center, a fitness center, an indoor swimming pool, valet and laundry service and complimentary shuttle service within a five-mile radius. In addition, the lobby area and lounge in the hotel contains soft seating with adjacent hard surfaces, power sources and Wi-Fi to accommodate smaller, informal meetings and individuals working outside their rooms.
Real estate deal of the week
Milwaukee investors purchase Sheboygan strip mall
Shevegas LLC, a group of Milwaukee area investors, recently purchased the 55,000-square-foot South Town Shopping Center at 3321 S. Business Dr., Sheboygan, from HP Properties for $3.85 million. Gordon Steimle and Roger Duchow of Ogden & Company Inc. represented HP Properties in brokering the deal. The strip mall is 96 percent occupied and its tenants include Deals & Steals Furniture, Goodwill, Play It Again Sports, Pay Day Loan and The Barbershop. South Business Drive is one of Sheboygan's main commercial corridors.
Real Estate Profile: Ryan Persitza
Company: NAI MLG Commercial
Title: vice president
Education: BBA Finance, BBA Real Estate and Urban Development, MS Accounting, UW-Milwaukee
City of Residence: Menomonee Falls
Hobbies and Interests: "Sales, leadership, motivation, health/wellness and travel. Teaching part time in the business school at UWM."
What are you working on? "Trenton Business Park, Overview Park Park, Overview Business Center, Campbell Drive Business Center, Shenendoah Center, among other Industrial assignments."
How does the market look to you? "Stable with continued absorption."
What was the best deal you've ever been involved in? "High Point Common, a 12 acre retail assemblage in Menomonee Falls."
Real estate people in the news

Milwaukee-based Inland Companies Inc. recently hired Peggy Attwood and Alisha Mir-Marwood as commercial property managers.
Elm Grove-based TWP Architecture recently hired Jeremy Stewart as a project manager.
Real estate odds and ends
MANDI Award winners announced
The Local Initiatives Support Corp. recently announced the winners of the annual Milwaukee Awards for Neighborhood Development Innovation (MANDIs). The awards honor non-profit community groups and their partners involved in revitalizing Milwaukee neighborhoods.
The MANDI award winners:
State Farm Insurance Building Blocks Award, large project: The new, 280,000-square-foot Manpower Inc. world headquarters at 115 W. Cherry St., Milwaukee, which is on target to be LEED gold certified.
State Farm Insurance Building Blocks Award, small project: Alterra Coffee Roasters café and headquarters at the corner of Humboldt Boulevard and Chambers Street in Milwaukee.
Cornerstone Award: Good Hope Economic Development Corp., for Destiny Youth Plaza, an youth facility that is designed to provide positive outlets for children living in at-risk environments.
Trailblazer Award: Milwaukee County Green Print Program, an energy and conservation initiative for Milwaukee County-owned buildings.
Vision Award: Greater Milwaukee Foundation, for the Healthy Neighborhood Initiative, which is a collaboration to focus efforts on providing neighborhoods with the tools they need to stabilize their housing markets and engage residents in the implementation of effective self-management strategies.
Navigator Award: Peter McAvoy, vice president for Environmental Health at the Sixteenth Street Community Health Center who established the agency's department of Environmental Health as a way for the agency to complement its clinic-based health care with community-based outreach, education and problem-solving related to environmental-based health threats.
Two area construction firms win safety and excellence awards
Brookfield-based Hunzinger Construction Co. and Waukesha-based Fred Kinateder Masonry Inc. recently received first place construction safety excellence awards from the Associated General Contractors of Amercia.
R.A. Smith and National Survey & Engineering change name
Brookfield-based R.A. Smith & Associates Inc., a civil engineering, planning, surveying, landscape architecture, GIS and 3D visualization consulting firm, and its National Survey & Engineering division changed its name this week to R.A. Smith National Inc. The name change brings together R.A. Smith & Associates, which serves state and local government, and its National Survey & Engineering division, which serves the land development industry nationwide, under one corporate name. The internal practice groups remain the same.
Real estate events
BOMA/AOMA Madness, watch the NCAA men’s basketball tournament, Thursday, March 20, 11 a.m. to 4 p.m., Rock Bottom Brewery, 740 N. Plankinton, Milwaukee. Cost is $25 for BOMA/AOMA members and $40 for non-Members. For more info call (414) 278-7557.
CARW Real Estate Roundtable Forum, April 1, 7-9:30 a.m., Italian Community Center, 631 E. Chicago St., Milwaukee. For more information call Allyson at 414/271-2021 or allyson@carw.com.
More real estate news
Real estate resources
- Building Owners and Managers Association
- Certified Commercial Investment Members
- Commercial Association of Realtors Wisconsin
- CoStar Group
- Emporis Buildings
- Institute of Real Estate Management
- International Council of Shopping Centers
- Kenosha County property info
- LoopNet
- Menomonee Valley Partners
- Milwaukee Department of City Development
- Milwaukee property info
- National Association of Industrial and Office Properties
- Society of Industrial and Office Realtors
- Waukesha County property info
- Wisconsin Commercial Real Estate Women
- Wisconsin Development
- Xceligent
BizTimes Real Estate Weekly is compiled by Small Business Times managing editor Andrew Weiland. This bulletin is published every Wednesday morning. Send real estate news tips to Andrew.Weiland@biztimes.com or call him at (414) 277-8181, ext. 120.



